Not Sweet

Does anyone still doubt that you can have national sovereignty, or you can have global capitalism, but you cannot have both? If so, then why do you still doubt that? How can you possibly still doubt it? How?

No foreign company should be buying up anything as British as Cadbury. If it needs to "consolidate" or else send jobs abroad, then our fault is to allow the importation, never mind under so archetypally British a name, of the products of such unpatriotic undercutting.

Warren Buffett's father was one of the last Old Right voices, if not the very last, on the floor of the House of Representatives, at least until the arrival of Ron Paul, if even he quite fits the bill. So it is no surprise that Buffett supports those who wish to keep Cadbury British, and opposes Kraft's borrowing up to its eyeballs in order to buy Cadbury.

The alternative, since for some unknown reason there had to be one despite Cadbury's profitability, was Hershey. For some years, former pupils and residents have been concerned about the running of the school and orphanage founded by the childless Milton Hershey and retaining the controlling interest in his chocolate company. The plan to borrow some obscene amount of money in order to buy Cadbury, possibly bankrupting the charitable foundation, seemed to be bringing matters to a head. Keeping Cadbury British in ownership and production, while saving Hershey's charity: the other side had gone global a long time ago, now it was our turn.

Well, it still is. The usurious basis of Kraft's actions will have horrific effects on its small shareholders, on its larger shareholders such as many people's pension schemes, and on its workers in many lands. Yes, the other side went global a long time ago. And yes, now it is our turn.

Does anyone still doubt that you can have national sovereignty, or you can have global capitalism, but you cannot have both? If so, then why do you still doubt that? How can you possibly still doubt it? How?